Which of the following markets would reach long-run equilibrium fastest?
A) online retail
B) auto dealers
C) oil extraction
D) World Series tickets
A
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Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per dollar. Then the peso has ________ against the dollar and the dollar has ________ against the peso
A) appreciated; depreciated B) appreciated; appreciated C) depreciated; appreciated D) depreciated; depreciated
The main transfer programs of the U.S. government include each of the following, except:
a. social insurance. b. cash welfare or public assistance. c. in-kind transfers. d. veterans' benefits. e. employment programs.
The country Happy Land claims that it is producing everything its citizens consume. This situation is called
A. a closed economy. B. an open economy. C. autarky. D. protectionism.
How much is this firm's total loss?
